by Juliet Wylie | 16th March 2022 | Bookkeeping, Limited company, Start ups, Tips and Tricks, Xero
We all do it. We wake up every day full of good intentions. “I am going to reconcile my Xero account” we think. “I will submit that paperwork to my accountant” we promise ourselves. Then reality sinks in. You know that you won’t do it again today, just like you didn’t...
by Juliet Wylie | 4th February 2022 | Business Planning, Limited company, Sole trader, Start ups, Tips and Tricks, Xero
It may well have felt that January was the longest month ever, and we’ve only just tip-toed into February feeling tired and lacking in vitamin D! Whatever you may feel like doing, don’t put off thinking about how you can help your business in 2022, whether you want...
by Georgi Rollings | 6th September 2021 | Landlords, Making Tax Digital, Self assessment, Xero
There may be trouble ahead. You may not have heard much about Making Tax Digital for Landlords, but if you are a landlord that pays tax via self assessment then this is something you will have to deal with sooner rather than later. MTD for ITSA to give it its correct...
by Georgi Rollings | 16th August 2021 | Bookkeeping, Making Tax Digital, VAT, Xero
The requirements of Making Tax Digital (MTD) changed from 1 April 2021. It isn’t enough to just file your VAT return using software. Now you also have to worry about where your data comes from, and how it gets into your accounting records. So just what are...
by Jennifer Grocott | 10th April 2021 | Bookkeeping, Limited company, Tips and Tricks, Xero
Setting up multiple payment methods in Xero is a major quick win. Offering different payment methods makes it easier for people to pay you, and it’s actually really easy to do using Xero online payment services. Getting paid fast can really help put a business...
by Georgi Rollings | 9th January 2021 | Limited company, Tips and Tricks, VAT, Xero
So we’re here – the Brexit transition period has ended. As of 1 January 2021 there are changes to how you have to account for import VAT. This means any UK VAT-registered business that imports goods into the UK from anywhere in the world will need to adapt to a...